01/31/2013
FSA and SFO probe Barclays over Qatar loan - FT
The FSA and SFO have been looking into Barclays' emergency fundraising since July
Legal, Tax, Regulation & Compliance
01/27/2013
UK-UAE trade ties strengthened through memorandum between commercial courts
Dubai is now widely recognised as the investment and business hub of the Middle East
01/20/2013
Dubai shifts Amlak's DIFC cases to special committee
The move clarifies a decree in 2009 that established a special judicial committee to hear claims against Amlak
01/15/2013
Oman figures favourably in KPMG's tax rate survey
"We expect the global indirect tax rate average to continue to rise in 2013 as more governments continue their path to economic recovery."
01/12/2013
Dubai Group settles lawsuit over debt deal
Dubai Group was hit hard by the global financial crisis in 2008
01/09/2013
Hadef and Partners announce three new partners
Each has a solid client following within their specialism.
01/01/2013
FATCA: A new era of financial transparency
The IRS's powerful new tool chips away at bank secrecy.
01/01/2013
Soaking the rich won't work
Governments that are raising tax rates on the wealthy to plug budget holes are doomed to disappointment.
12/27/2012
DIFC Courts Receive International Praise
The findings of a second, national survey, undertaken by ARA Marketing Research and Consultancy, Dubai, in three assessments throughout the year, also reported positive feedback from court users, and a remarkably high quality of service.
12/26/2012
Comprehensive Changes Made To DIFC Laws
The four laws will come into force on December 23, 2012 and have been made available online.
12/20/2012
DIFC Authority introduces new Non Profit Incorporated Organisations Law
The Non Profit Incorporated Organisations Law introduces a new regime for non-profit organisations whose purpose is to support the growth and development of the financial services sector in the DIFC.
12/19/2012
BNP Paribas Securities Services unveils FATCA service for asset managers
Under FATCA, non-US financial institutions will be required to report information about financial accounts held by US taxpayers, or held by foreign entities in which US taxpayers hold a substantial ownership interest.
12/16/2012
Linklaters inks cooperation deal with Allen & Overy
A&O had been working with Abdulaziz AlGasim since 2007
12/12/2012
KPMG 2012 Revenues Reach US$23 Billion
The growth in Advisory and Tax underlines the strength of client demand for professional services
12/10/2012
Standard Chartered hit by $300m in Iran fines
Standard Chartered will pay more than $300m (£187m) to settle charges it violated US sanctions on Iran, Burma, Libya and Sudan.
12/09/2012
HSBC, Standard Chartered Close to Resolving Iran Claims
A Senate committee said in July that failures in London- based HSBC’s money-laundering controls allowed terrorists and drug cartels access to the U.S. financial system.
12/06/2012
Billionaire's daughter with Saudi royal connections and husband 'with nothing but debts' spend more than £1m on divorce battle
The relationship came to an end when the marriage broke down in 2008 and the couple descended into a legal dogfight over money and their children.
12/05/2012
How Turkish banks are affected by move to Basel II
Some factors have helped minimize the impact of the migration to Basel II on banks' regulatory CARs.
12/05/2012
US Justice Dept expands probe into Saudi bank licenses
Barclays did not name specific countries in its October disclosure, but in November, responding to a newspaper report, the bank said it did not make any illegal payment to get a Saudi license.
12/05/2012
Standard Chartered expects further $330m Iran fine
The New York regulator had accused the bank of leaving the United States “vulnerable to terrorists